LatinNews Daily - 06 March 2023

In brief: Moody’s highlights investment lack in Argentina’s power sector

*International credit ratings agency Moody’s has warned that the massive power cut in Argentina on 1 March, caused by a fire near transmission lines, reflects the lack of investment in the country’s power sector. Moody’s vice president-senior analyst Daniela Cuan said on 3 March that over the last three years power-generating capacity had increased only 2.3% while electricity demand surged 9%. As a result, the power grid has become less resilient and is operating under significant stress.

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